Demand drivers: Regular fleet replacement of crashed/old cars + cars for people who used to take public transport + cars for people moving from city to suburbs/

Demand drivers: Regular fleet replacement of crashed/old cars + cars for people who used to take public transport + cars for people moving from city to suburbs/ country + strong economy/household wealth increasing demand Supply: - production curtailments (early COVID) - limited production (supply chain issues / chip shortage) = demand exceeding supply